NOT LISTED FOR SALE

990 E 41st St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $579,647 - $734,000

5 Beds
4 Baths
2,541 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 04, 2020

Last sale price $500,000 $197 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,292/month

16 Days on Market

About This Home

As of February 2020

Consisting of 2-buildings, this 4-Unit property is a rare investment opportunity in the heart of Los Angeles. The front building includes 2-bedrooms & 1 bath with living room bay window. The rear building consists of a main level studio and two 1-bedroom & 1-bath units located upstairs. This property is just a short distance to Downtown Los Angeles and a wide array of shops, restaurants, schools and churches. Submit your offer today.

Last Agent to Sell the Property

Theresa La Roche

Keller Williams Realty License #00815018 Listed on: 12/17/2019

Keller Williams Realty

Last Buyer's Agent

Richard Martinez

Keller Williams Pacific Estate License #01982563

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,955

Year Built

  • Built in 1949

Lot Details

  • 6,250 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • 2,541 Sq Ft Home
  • Quadruplex
  • Fixer Upper

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 18 / J
  • Assessor Parcel Number 5115023012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,955

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Condition: Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5115023012
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 196.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 52200.00
  • Gross Scheduled Income: 4350.00
  • Lot Size Area: 6250.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: J
  • Tax Census Tract: 2283.10
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2020
Sold by
Ebco Properties Llc
Bought by
Ebco Properties Llc
Current Estimated Value
$681,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$288,625
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$437,379

Purchase Details

Listed on
Dec 17, 2019
Closed on
Jan 6, 2020
Sold by
Earnest Robert A and Estate Of Ramiro Perez Cortez
Bought by
Ebco Properties Llc
Seller's Agent
Theresa La Roche
Keller Williams Realty
Buyer's Agent
Richard Martinez
Keller Williams Pacific Estate
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Jan 19, 2005
Sold by
Gaona Eva
Bought by
Cortez Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Colly Desiree and Estate Of Dorris M Hicks
Bought by
Cortez Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ebco Properties Llc -- Western Resource Title
Ebco Properties Llc $500,000 North American Title Co
Cortez Ramiro -- Fidelity National Title Co
Cortez Ramiro $410,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ebco Properties Llc $325,000
Previous Owner Cortez Ramiro $369,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2020 02/04/20 Sold $500,000 0.0% $197 / Sq Ft
12/20/2019 12/20/19 Off Market $500,000 -- --
12/17/2019 12/17/19 For Sale $475,000 -- $187 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,955 $546,819 $437,456 $109,363
2024 $6,955 $536,098 $428,879 $107,219
2023 $6,828 $525,587 $420,470 $105,117
2022 $6,522 $515,282 $412,226 $103,056
2021 $6,434 $505,180 $404,144 $101,036
2020 $6,765 $522,798 $248,534 $274,264
2019 $6,509 $512,552 $243,661 $268,891
2018 $6,379 $502,508 $238,884 $263,624
2016 $6,083 $482,765 $229,608 $253,157
2015 $5,998 $475,515 $226,160 $249,355
2014 $6,041 $466,201 $221,730 $244,471
Source: Public Records

Agents Affiliated with this Home

  • Theresa La Roche

    Seller's Agent in 2020

    Theresa La Roche

    Keller Williams Realty

    (562) 907-9900

    152 Total Sales

    Theresa La Roche
    Section Image

  • R

    Buyer's Agent in 2020

    Richard Martinez

    Keller Williams Pacific Estate

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19281625

California Regional Multiple Listing Service (CRMLS)

APN: 5115-023-012

California Los Angeles County Los Angeles 90011 Historic South Central

990 E 41st St, Los Angeles, CA

This home is located at 990 E 41st St, Los Angeles, CA 90011 since 17 December 2019 and is currently estimated at $681,412, approximately $268 per square foot. This property was built in 1949. 990 E 41st St is a home located in Los Angeles County with nearby schools including Wadsworth Avenue Elementary School, Thomas Jefferson Senior High School, and Nava College Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes